[Smokin' Joe]

A study by the nonpartisan RAND Corporation found that the rate of return for African-Americans was approximately one percent lower than that for whites. The result was a net lifetime transfer of wealth from blacks to whites averaging nearly $10,000 per person."

Per what person? Are they saying the average black collects $10,000 less?

Are they saying every white person collects $10,000 more?

Or are they trying somehow to say that a black person pays so much in that white people will be collecting $10,000 more on account of that?

Keeping in mind that there are at least six times as many whites as blacks, that would either be a pretty watered down $1667 dollars per white person--because I don't see how the black person could be paying in $60,000 more than the white people making the same amount did, over the same time period.

Gibberish...

If some people collect more than others because they live longer, they didn't collect any more per month than someone collecting equal benefits who dies, up to the end of the latter person's life. If they are dead, they don't need the check, right?

[jwalsh07]

Wrong. The money is earned by the worker and should not be confiscated upon an early death. The principal plus interest remaining should be part of the estate.

[nascarnation]

What they’re saying is that black people on average die younger. So they collect SocSec for fewer years.

It’s the same reason the Obamacare Death Panels will be a big plus for Soc Sec.

Every year you slice off the lifespan is HUGE for the financials.